PT Bumi Resources Minerals Tbk (BRM) owns 96.97% interest in PT Citra Palu Minerals (CPM). CPM has Contract of Work rights to a 85,180 hectare mining concession in Central Sulawesi and South Sulawesi, Indonesia.
CPM’s contract area consists of 5 separate blocks, of which the Poboya gold prospects is the most promising
CPM’s construction & production permit was approved in November 2017 with 3 years construction period and 30 year production period (until 2050).
CPM currently operates one gold ore processing plant with 500 tons of ore per day capacity in its Poboya mine site.